All true, but I would have to add the tech works, this isn't some experimental venture off in a godforsaken land somewhere. The two licences RIL holds are for Europe, right smack bang in the middle of a region that requires batteries to be recycled & batteries to contain recycled material, an area of the world that wants to secure its own source of battery materials & be able to retain them within the EU borders, recycling can achieve those goals. So, I think it's a no-brainer from that aspect.
The issue of course is, finding enough feedstock to sustain a commercially viable plant & getting the necessary funds to build it. RIL should have enough feedstock, it's now a question of running the numbers & securing the funds it requires. That's going to take time.
Raising more money, with nothing planned, at low SP levels is extremely dilutive. So, I'm more concerned about consolidation & then more dilution, which is going to force me to pump more money into this thing.
RIL is still looking for battery feedstock so who knows, a client they might be talking to could be ready to move quicker than the others, it's a question of how much of the pie they want, and it could be a sticking point in a lot of discussions.
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